Electrically Conductive Carbon Additives Market is segmented by Material Type (Carbon Black, Graphite, Carbon Nanotubes, Carbon Nanofiber, and Graphene), Application Type (Plastics/Compounds, Adhesives/Sealants, Coatings, Inks, Elastomers, and Energy Storage), End-Use Industry Type (Automotive, Aerospace & Defense, Electricals & Electronics, Industrial, Consumer Goods, and Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, and Rest of Europe], Asia-Pacific [China, Japan, Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil and Others]).
Electrically Conductive Carbon Additives Market is segmented by Material Type (Carbon Black, Graphite, Carbon Nanotubes, Carbon Nanofiber, and Graphene), Application Type (Plastics/Compounds, Adhesives/Sealants, Coatings, Inks, Elastomers, and Energy Storage), End-Use Industry Type ...
“The Electrically Conductive Carbon Additives Market was estimated atUS$ 2 Billion in 2022andis likely togrow at a CAGR of 17.4%, in the long run, to reach US$ 5.4 Billion by 2028.”
Electrically conductive additives or fillers are conductive materials, which are added to other base materials, such as polymers and elastomers, to impart a specific level of electrical conductivity to the latter.
It is expected that additive-based electro-conductive materials can replace several traditional products in the market. Incorporating carbon black in a material's matrix can achieve the desired performance in terms of conductivity. Therefore, it is found in applications, such as paper and media handling, robotics, and medical devices, where dissipating static build-up or transferring an electrical charge is required. This combination significantly reduces mechanical failures and avoids harm to the product or user.
Market Drivers
Increasing demand for EMI shielding due to the rising applications of electronic components in various end-use industries along with emerging technologies such as 5G network, IoT, and advanced driver assistance, is likely to drive the demand for electrically conductive additives.
COVID-19 Impact
The electrically conductive carbon additives market successfully dodged a bullet by not experiencing any decline in 2020, despite the reigning wrath of the pandemic. The market was well-backed by strong demand from industries such as electrical and electronics and automotive. Furthermore, an incessant shift from traditional ICE vehicles to EV vehicles, resulting in heavy demand for electrically conductive carbon additives in li-ion batteries, is likely to give an impetus to the demand for these innovative materials.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Material Type
Carbon Black, Graphite, CNT, CNF, and Graphene
Carbon black remained the most preferred type of conductive additive.
Application Type
Plastics/Compounds, Adhesives/Sealants, Coatings, Inks, Elastomers, and Energy Storage
Energy storage remained the biggest demand generator for electrically conductive carbon additives.
The Automotive industry consumes the largest amount of electrically conductive carbon additives.
Regional Analysis
North America, Europe, Asia-Pacific, and the Rest of the World
Asia-Pacific remained the largest market for electrically conductive carbon additives.
By Material Type
“Carbon black segment dominates the market during the forecast period.”
The electrically conductive carbon additives market is segmented into carbon black, graphite, CNT, CNF, and graphene. In terms of value and volume, carbon black is likely to remain at the forefront during the forecast period. Carbon black is ideally suited for applications in li-ion batteries, advanced lead-acid batteries, alkaline batteries, and electrical components. The low surface area of conductive carbon blacks shows a particular advantage for dispersion and easy processing.
By Application Type
“Energy storage segment dominates the market during the forecast period.”
The electrically conductive carbon additives market is segmented into plastics/compounds, adhesives/sealants, coatings, inks, elastomers, and energy storage. Energy storage remained the biggest demand generator during the forecast period.
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By End-User Type
“The automotive industry dominates the market during the forecast period.”
The market is segmented into Automotive, Aerospace & Defense, Electrical & Electronics, Industrial, and Consumer Goods. The automotive industry is likely to remain the biggest demand-generator of the market till 2028. A huge inclination towards the electrification of vehicles globally, resulting in a massive demand for batteries, is ultimately likely to give an impetus to the market in the long term.
Regional Analysis
“Asia-Pacific is expected to remain the largest market for electrically conductive carbon additives during the forecast period.”
China leads the global automotive and EV market. Further, it also has huge dominance in the electricals and electronics, consumer goods, and industrial sectors. Most of the electrically conductive carbon additive suppliers have their presence in the region to address the emergent needs of customers and to be the partners for their plans.
North America and Europe are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in vehicle production coupled with a paradigm shift from ICE to electric vehicles.
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Key Players
The electrically conductive carbon additives market is fairly consolidated with the presence of some regional and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.
The following are the key players in the electrically conductive carbon additives market (arranged alphabetically).
Note:The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Electrically Conductive Carbon Additives Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirements?
10% free customization
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s electrically conductive carbon additives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Option
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to 3 players).
SWOT analysis of key players (up to 3 players).
Market Segmentation
Current market segmentation of any one of the product types by application type.
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
Recent Market News
Lightweight, high efficiency and electrical insulation are the indispensable focus areas of the leading players in product development.
Cabot launched LITX® 93 conductive carbon additives, which possess excellent dispersibility and conductive particle morphology and ultimately enable high energy density and high-rate charge-discharge performance in lithium-ion batteries.
ENERMAX™ CNT additives, launched by Cabot, own a high aspect ratio, which reduces the total loading of additives without compromising the conductivity of electrodes.
Conductex-i and Conductex-e series of conductive carbon additives, launched by Birla Carbon, enable customization in its formulation and performance.
Recent Market JVs and Acquisitions: High focus on inorganic growth.
2018-19: Orion Engineered Carbon acquired SN2A.
2018-19: Tokai Carbon acquired Tokai Carbon Korea Co., Ltd.
Electrically conductive additives or fillers are conductive materials, which are added to other base materials, such as polymers and elastomers, to impart a specific level of electrical conductivity to the latter.
It is expected that additive-based electro-conductive materials can replace several traditional products in the market. Incorporating carbon black in a material's matrix can achieve the desired performance in terms of conductivity. Therefore, it is found in applications, such as paper and media handling, robotics, and medical devices, where dissipating static build-up or transferring an electrical charge is required. This combination significantly reduces mechanical failures and avoids harm to the product or user.
The electrically conductive carbon additives market is estimated to grow at an impressive CAGR of 17.4 % by 2028, driven by increasing demand for EMI shielding due to the rising applications of electronic components in various end-use industries along with emerging technologies such as 5G networks, IoT, emerging interest in EVs, among others.
Cabot Corporation, Aditya Birla Carbons, Orion Engineered Carbons, S.A., Tokai Carbon, and Imerys Group are the leading players in the electrically conductive carbon additives market.
Asia-Pacific is estimated to remain dominant in the electrically conductive carbon additives market in the foreseeable future. The key economies driving the region’s demand are China and Japan.
Asia-Pacific is estimated to remain the fastest-growing market for electrically conductive carbon additives in the foreseeable future, driven by China, which has been an attractive market for several industry stakeholders concerning manufacturing.
